Search Results | Showing 11 - 20 of 610 results for %22High Court%22 |
| | | ASIC has had its first court win in relation to cryptocurrency, with fintech Block Earner found to have offered a financial product to retail investors without a licence. However, it was a mixed outcome for the regulator, with another allegation quashed. ... |
| | | | ... and to roll over their existing superannuation into the SMSF and invest it with his company. In October 2021, ASIC secured court orders against Hala prohibiting him from disposing of, dealing with, or reducing certain assets. Additionally, ASIC obtained ... |
| | | | ASIC deputy chair Sarah Court has reaffirmed that the corporate regulator is targeting member service failures, greenwashing, and inappropriate fees and charges, cautioning the superannuation industry to lift its game. At an industry event, Court said ... |
| | | | ... trading desk achieved a profit of $20.7 million. Close to $ million was paid to the sales team as commission. The Federal Court declared the conduct was unconscionable, including because Westpac was aware the pre-hedging could adversely impact the consortium ... |
| | | | ... June 2020 through to early 2022, Lee and Chunga allegedly promoted HyperFund membership packages that guaranteed investors high returns. "As the complaint alleges, however, Lee and Chunga knew or were reckless in not knowing that HyperFund was a pyramid ... |
| | | | ... Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. Last April, the court found that Ian Williams, Paul Raftery, Paul Nielsen, and Peter Daly breached ... |
| | | | ... interest, fees and expenses on top of a $14.2 million loan facility from the sale of properties ASIC deemed speculative and high risk. McGrathNicol is estimated to receive about $3.5 million in fees. "This means Mayfair's investment in Mission Beach ... |
| | | | ... consumer protections by preventing the provision of short-term credit and continuing credit contracts that involve unreasonably high fees," ASIC said. "These exceeded the cost caps imposed by the National Credit Code." As a result, these orders have ... |
| | | | ... small size. 9) AMP restructures wealth management, chief exits (May 29) In restructuring its local wealth business, AMP made high-profile Australian Wealth Management (AWM) chief executive Scott Hartley redundant. Following the AMP Capital sales, it ... |
| | | | The Federal Court approved the $29.95 million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member ... |
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